This provision may be built into the policy or offered as a rider. It is intended to let you use death benefits to pay hospital or medical bills connected with terminal illness. It will require that you must have your “terminal illness” backed up by a doctors prediction that you will die within a set period of time. The amount of time will be specified in the policy. The policy may limit the dollar amount you can take out.

If you accelerate and use the death benefit, there will be less left in the policy for your family or other beneficiaries when you die.